Is Central, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Central has remained a Buyer's Market.
Key Takeaway
Central is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central, VA
How much do homes in Central, VA cost?
Median Sold Price
$310,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Central have sold for 22.3% more than they did a year ago.
Summary: The median home sold price in Central was $310,000 in March 2024, up 22.3% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $132.9K | N/A |
| 2 Bedrooms | $100K | $350K | +250.0% |
| 3 Bedrooms | $252K | $317.4K | +26.0% |
| 4 Bedrooms | $292K | $308.7K | +5.7% |
| 5+ Bedrooms | $600K | - | N/A |
Summary: Central housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 250%, 3 bedroom homes increased by 26%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Central | $253.4K | $310K | +22.3% |
| Dunnsville | $250K | $299.9K | +20.0% |
| South | $259.9K | $309K | +18.9% |
| Tappahannock | $254.9K | $288.7K | +13.3% |
Housing Supply in Central, VA
How many homes are available in Central, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Central real estate market had 17 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Central housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Central in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Central, VA
How long does it take to sell a home in Central, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 150 Days | +2050.0% |
Summary: Homes in Central had an average of 150 days on market in Mar 2024, up by 2050% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Central are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Central; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved